Warner Bros. Discovery Q4 Hit By Softer Advertising, Strike Impact But Losses Narrow, Free Cash Flow Jumps
WBDWarner Bros. Discovery(WBD) Deadline·2024-02-23 20:32

Warner Bros. Discovery saw revenue dip but losses narrow in the last quarter of 2023. Free cash flow grew — a key metric that allows the David Zaslav-led media giant to continue chipping away at its hefty debt, which it is doing. It ended the year with 97.7 global streaming subscribers — including 1.3 million from BluTV, the Turkish streamer it acquired in December. Revenue of close to $10.3 billion compared with $11 billion the year before, down 7%. Revenue at the television studio was hit by the impact o ...